TRX Gold (TSX:TNX) - Doubling Gold Production through Expansion and Re-investment Allocations
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Show Notes
Interview with Stephen Mullowney, Director & CEO of TRX Gold Corp.
Recording date: 11th October 2023
TRX Gold (NYSE American: TRX; TSX: TNX) operates the Buckreef gold project located in north-central Tanzania. The project is focused on mining gold resources through both open-pit and underground methods. TRX Gold is growing through reinvesting cash flows into further drilling and exploration at Buckreef's main zone trend and newly discovered eastern pulfrey zone.
Buckreef currently holds over 2 million ounces of measured and indicated gold resources with an average grade of 1.77 g/t gold. The project is currently producing between 20,000-25,000 ounces of gold per year from its processing capacity of 1,000 tons per day and is looking to double the production to 40,000-50,000 ounces per year by expanding capacity to 2,000 tons per day.
TRX Gold offers a compelling investment case with rapid payback periods on expansion capital, strong project economics, experienced management, and significant exploration upside. Upcoming potential catalysts include a revised economic study, the ramp up to 2,000 tpd capacity, and ongoing drill results demonstrating resource growth.
View TRX Gold's company profile: https://www.cruxinvestor.com/companies/trx-gold
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